Decision Making: Traditional Method
Social Proof
Reason and Intuition
The Representativeness Heuristic
Decision Making: P-value Method
Impact of Individuals on a Group
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The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
Published on: October 20, 2022
Dan Bang1, Riccardo Fusaroli2, Kristian Tylén2
1Interacting Minds Centre, Aarhus University, Jens Chr. Skous Vej 4, Building 1483, 8000 Aarhus, Denmark; Department of Experimental Psychology, University of Oxford, South Parks Road, Oxford OX1 3UD, United Kingdom; Calleva Research Centre for Evolution and Human Sciences, Magdalen College, High Street, Oxford OX1 4AU, United Kingdom.
The confidence heuristic, using confidence or reaction time, is less effective for dissimilar individuals in collective decision-making. Interaction is superior for resolving judgment reliability differences.
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